Should keep the downrampers off our backs, lol
they should be feeling very pleased with themselves.
Although nothing has changed in the fundamentals which were probably driving the price up to 27 and possibly higher, if not for the bleeding hearts who in all probability were crying foul to the ASX. As i've said before, BLR has been open with its announcements and the rise was on the back of a string of positive announcements. A price and volume query dating back to the 13th Jan after a string of announcements is ludicrous. We don't know where the buying was coming from of course but it was obviously from an interested party or parties with lots of money and lots of confidence in the future of BLR and their holdings. I would have been more interested in finding out where that buying was coming from. Greater than 5% of course, from a single party, will require compliance, after 5 days, with the corporations act whether the buying was from here or the USA. So count forward 5 days from the buying frenzy and we could have another explosive spike very soon, imo.
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an excellent result, page-8
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